Koch Brothers Top Oil & Gas Rich List With Combined US$83 Billion Fortune
PR Newswire
NEW YORK, Jan. 29, 2014
NEW YORK, Jan. 29, 2014 /PRNewswire/ --Charles and David Koch of Kansas are
the wealthiest individuals in America's oil and gas sector, with a combined
net worth of US$83 billion, according to a Wealth-X Top 10 list that includes
billionaires from Texas, New York and Oklahoma.
Charles, Koch Industries' chairman and CEO, andDavid, executive vice
president, are the principal owners of the Wichita-based company founded by
their father Fred in 1940. Charles and David Koch each own 42% of Koch
Industries, which is involved in the manufacturing, refining and distribution
of petroleum, chemicals, polymer and other materials.
Four billionaires from Texas appear on the list: Milane Frantz (one of two
females on the list), Ray Hunt, Jeffrey Hildebrand and William Hunt. Kansas is
home to three oil and gas billionaires, the two Koch brothers as well as
Elaine Tettemer Marshall, who inherited her fortune from her late husband,
Everett Pierce Marshall, (who had holdings in Koch Industries).
Below are the top 5 wealthiest individuals in America's oil and gas sector:
Rank Name Wealth Source Primary Net Worth
Company (in US$ bn)
1 Charles Koch Inheritance/Self-made Koch Industries 41.5
1 David Koch Inheritance/Self-made Koch Industries 41.5
3 Harold Hamm Self-made Continental Resources 14.1
4 Philip Anschutz Self-made Anschutz Company 9.9
5 George Kaiser Inheritance/Self-made GBK Corporation 9.8
With a combined wealth of US$83 billion, the Koch brothers make up over half
of the total, combined net worth of the 10 billionaires on the Wealth-X list.
Wealth-X President David S. Friedman notes: "It's interesting to see how the
Koch brothers are leveraging their wealth in the political arena and how
Anschutz has leveraged his in the media and entertainment industries. It's
also interesting to note that oil-driven wealth in North Dakota is creating
millionaires, but we have yet to see a significant increase in the ultra
wealthy in that area."
For the full list, visit
http://www.wealthx.com/articles/2014/top-10-wealthiest-individuals-in-americas-oil-and-gas-sector/
About Wealth-X
Wealth-X is the definitive source of intelligence on the ultra wealthy with
the world's largest collection of curated research on ultra high net worth
(UHNW) individuals, defined as those with net assets of US$30 million and
above. Headquartered in Singapore, it has 12 offices in five continents.
(www.wealthx.com)
SOURCE Wealth-X
Contact: Wealth-X, +65 68325169, press@wealthx.com